New moving average voidage replacement strategy

moving average chartFaced with the inability to meet voidage replacement targets, this company received approval from the regulator to use a new voidage replacement strategy -- moving average VRR.

Rather than monitoring cumulative voidage replacement, this company is now required to watch the twelve month moving average. We found this information using AppIntel.

You can get this application immediately through our self-serve application portal.

Buy these submission docs now Subscribers get them for free

Regulation changes very frequently. Even when the written regulations don't change, the way the AER often changes their operating policy. Such is the case in this approval.

The only way to stay on top of regulatory changes is to read recent applications. Pay careful attention to the supplemental information requests (SIR).

Need to get up to speed VRR strategy?
?subject=Help me get up to speed on VRR trends&body=Help me get up to speed on VRR trends %0D%0A%0D%0AMy Name:__________ %0D%0AMy Phone Number:__________ %0D%0A%0D%0A(Or call Proven Sales at 403-803-2500.)">Contact Proven for support. We stay on top of flood strategies.

Don't use it for mature floods

This strategy allows the regulator much more leverage in very mature floods. Cumulative VRR doesn't change much if you have 40 years of injection history. So if the regulator can convince you to use rolling average VRR, they can enforce your VRR much more carefully.

Therefore we don't recommend this strategy for mature floods. But it's likely a fine strategy for new floods if just a little tougher to calculate.

Would you like to see what other operators in your areas are thinking about seismic, multifractured wells, polymer schemes and recovery? AppIntel can help.

Tags: Flood, Compliance

  8 Jun 2016



Quickly copy industry successes

Add $20 million in extra NAV like this user

How to get out of hot water with the regulator

AI can prevent $10 million in noncompliance losses

KiP - Search box on steroids

Like a needle in a haystack

AppIntel AI blog has delivered over 1 million pages views

Artificial Intelligence for the oil and gas industry

Getting flexibility in plant sulfur emissions

Sometimes it's all in the math

Haters know something you don't

Using the regulator to bully and save $3 million

Smartest hacks to make exploring much more rewarding

Exploration intelligence you can milk from industry submissions

This page last updated 28 March 2025.
Copyright 2011-2025 by Regaware Systems Ltd.
  Calgary, Alberta, Canada
AppIntel AI is a website for getting answers from government oil and gas information sources. If you spot any errors on this site, please email our webmaster.
  Share